#United States #Cincinnati #Federal Home Loan Bank #FHLB

Federal Home Loan Bank of Cincinnati Announces Director Elections Results

On November 21, 2025, the Federal Home Loan Bank of Cincinnati (FHLB) revealed the outcomes of its director elections, marking a significant step in its leadership for the upcoming term. With the elections now concluded, three new directors have been elected to serve on the board, alongside updates to committee leadership.

Elected Directors

In this election cycle, the FHLB welcomed two Member Directors from Kentucky: J. Wade Berry and Timothy E. Barnes. Furthermore, Danny J. Herron, an Independent Public Interest Director from Nashville, was elected to bring additional expertise into the boardroom. Each of these leaders will serve a four-year term, beginning January 1, 2026, and concluding on December 31, 2029.

Profiles of Elected Directors

• - J. Wade Berry: As the President and CEO of Farmers Bank & Trust Company located in Marion, Kentucky, Berry has been a Member Director on the FHLB Board since 2022. He also chairs the Risk Committee, indicating his significant involvement in ensuring the stability and security of financial operations within the bank.

• - Timothy E. Barnes: The newly elected director for the Board, Barnes serves as the President and CEO of Hometown Bank in Corbin, Kentucky. His induction into the Board is expected to bring fresh insights from the banking sector to the FHLB.

• - Danny J. Herron: A seasoned leader, Herron is the President and CEO of Habitat for Humanity of Greater Nashville. He has been serving as a Public Interest Independent Director on the Board since 2022 and currently chairs the Governance Committee.

Leadership Roles and Responsibilities

In addition to the new directors, significant leadership positions were filled. Michael P. Pell, President and CEO of First State Bank in Winchester, Ohio, will take on the role of Chair for the upcoming year, filling a one-year vacancy from January 1, 2026, to December 31, 2026. Pell has been part of the FHLB Board since 2019 and most recently served as Vice Chair.

Meanwhile, Lewis Diaz has been appointed as Vice Chair of the Board, taking over for a two-year term that also commences on January 1, 2026. Diaz, a Partner at Dinsmore and Sholl, LLP in Covington, Kentucky, has been a Public Interest Independent Director since 2022 and currently chairs the Human Resources, Compensation, and Inclusion Committee.

About the Federal Home Loan Bank

The Federal Home Loan Bank of Cincinnati operates as a cooperative bank, rated AA+, and is owned by 601 member financial institutions—including commercial banks, credit unions, and other financial organizations across Kentucky, Ohio, and Tennessee. This cooperative provides members with crucial access to a variety of financial services, particularly low-cost funds through Advances, plus opportunities for mortgage loans and Letters of Credit. Additionally, the FHLB plays an essential role in financing community investment programs that encourage the development of affordable housing and economic growth within the communities it serves.

Final Thoughts

As the new directors assume their roles in the Federal Home Loan Bank of Cincinnati, the organization is poised to harness their collective experience and vision to enhance its service offerings and support for the financial institutions it serves. The commitment to fostering community-based projects coupled with strong financial governance sets the stage for impactful growth in the coming years. With a focus on both stability and innovation, the FHLB is prepared to meet the evolving challenges in the financial landscape ahead.

This announcement not only outlines the new leadership but also reinforces the FHLB's ongoing dedication to the economic wellbeing of its member institutions and the communities they serve.